Home buyers

Property owners looking for home buyers to take their asset off their hands quickly may be interested to hear that average prices have fallen in the last year.

That is according to the latest report from LSL Property Services, which showed values have dipped by 0.7 per cent over the last 12 months.

In addition, there was no change in the average house price in November compared with the previous month.

David Newnes, director of LSL Property Services, suggested: “On the basis of monthly change, house prices in November stood still.

“The average price in England & Wales now stands at £220,043, only £7 less than the average in October,” he added. “The current average is £19,808, or 9.9%, above the price at the April 2009 trough of the last housing recession, but £11,785, or 5.1%, below the price peak of £231,828, recorded in February 2008.”

December 13, 2011 at 8:00 am | Uncategorized |
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